At Calla Property, we specialise in guiding investors to make informed decisions in the property market, ensuring optimal capital growth and strong yields. Our latest offering is a house and land package in Atticus Estate, Woodstock Victoria, presenting a unique opportunity to secure substantial equity before the market shifts.
Investment Opportunity: Atticus Estate in Woodstock, Victoria
Discover a rare chance to invest in one of Victoria's most promising growth corridors. Located in the thriving suburb of Woodstock, the Atticus Estate offers the perfect blend of affordability, potential equity, and future market growth. For investors seeking a high-value opportunity in a strategic location, this house and land package is an excellent choice.
Immediate Equity Advantage
Priced at $734,900, this package is significantly below the current building cost of $763,400, providing an immediate equity gain upon completion. With construction slated for completion in the third quarter of 2025, investors can capitalise on this built-in value plus a possible uplift of 5% during the build cycle.
Market Growth Potential
Victoria's property market is on the cusp of a resurgence. The Real Estate Institute of Victoria reports a median house price of $602,000 in regional areas, with a quarterly increase of 0.1%. The Victorian housing market has demonstrated resilience and growth, with projections indicating continued expansion. According to a recent Reuters poll, Australian home prices are expected to rise by 5% in both 2024 and 2026, driven by tight supply and anticipated interest rate cuts.
- This national trend is likely to positively impact Victoria's property values.
- As interest rates stabilise and demand increases, property values are expected to rise, positioning early investors for significant capital appreciation.
Strategic Location and Infrastructure
Woodstock benefits from its proximity to Melbourne’s northern growth corridor, with ongoing infrastructure developments enhancing connectivity and liveability. Planned and current projects, such as improved road networks, public transport expansions, and local amenities, are transforming this region into a sought-after destination for families and professionals.
Why Invest Now?
- Immediate Equity: Secure a property below current market value, ensuring instant equity upon completion.
- Market Upswing: Invest ahead of anticipated market growth as interest rates decrease and demand rises.
- Strategic Timing: Lock in today's prices for a property completing in 2025, maximising future returns.
Victorian Government Initiatives!
- The Victorian Government has introduced several initiatives to attract property investors, aiming to boost the housing supply and stimulate the market. A notable measure is the temporary reduction in stamp duty for off-the-plan purchases. Effective October 21, 2024, this concession allows buyers of new apartments, units, and townhouses to pay stamp duty only on the land component, significantly lowering upfront costs. For instance, on a $620,000 apartment, the stamp duty could decrease from approximately $32,000 to $4,000, resulting in substantial savings.
- This initiative is designed to encourage investment in new housing developments, thereby increasing the overall housing supply. By making off-the-plan properties more affordable, the government aims to stimulate construction activity and provide more housing options for residents. For investors, this translates to reduced initial expenses and the potential for higher returns as the market grows.
- Additionally, the Real Estate Institute of Victoria (REIV) has advocated for further reforms to attract investors, such as reviewing stamp duty regulations and introducing tax incentives for long-term rental property providers. While these recommendations are under consideration, they reflect a broader commitment to creating a more investor-friendly environment in Victoria.
- For current purchasers, these government measures offer immediate financial benefits and position investors to capitalise on the anticipated market upswing. By investing now, buyers can take advantage of lower entry costs and potential capital growth as the property market strengthens.
This opportunity aligns with Calla Property's commitment to helping clients invest in the right location at the right time while minimising risk and enhancing returns. Seize this chance to invest strategically in Woodstock's promising market.
For more information and to secure this investment, contact Calla Property today.
House & Land: 4 / 2.5 / 2
House: 211.69 m2: $451 400
Land: 312 m2: $283 500
Est. rent: $620 p/w
Est land registration: December 2024
The floor plan, furniture, fixtures, measurements, and dimensions are approximate and are for illustrative purposes only.
Don’t miss this opportunity—reach out today to continue the conversation and secure your savings!
Calla Property Investment Specialists:
+61 407 465 850 | +61 482 080 189